The Courier-Mail - Home - - INCOME STREAM - THOMAS MOR­GAN

A Bris­bane pro­ject mar­ket­ing com­pany has re­leased a new hous­ing prod­uct – and it could be a real money-spin­ner.

The home de­sign, which looks like an av­er­age house from the street, has one three­bed­room res­i­dence for fam­i­lies; a sep­a­rate one-bed­room unit; and so­lar sys­tems which can be sold to both ten­ants and the grid.

It was de­signed by Prop­erty Direct af­ter two years of re­search and dis­cus­sions with local coun­cils, banks, renewable en­ergy com­pa­nies, ar­chi­tects and builders.

Prop­erty Direct manag­ing di­rec­tor David Beard said his team had been frus­trated by the lack of in­no­va­tion in the prop­erty mar­ket.

“We be­lieve the PD Smart Homes will set a bench­mark for prop­erty in­vestors,” he said.

“Our prod­uct of­fers low en­try costs, low hold­ing costs, high year-round yields with po­ten­tially su­pe­rior long-term cap­i­tal gains and lit­tle, if any, chance of mar­ket over­sup­ply.”

The houses have been de­signed to be cash­flow pos­i­tive with high rental re­turns, de­pre­ci­a­tion and tax sav­ings and no body cor­po­rate fees.

A range of floor plans are avail­able, with pack­ages start­ing at $490,000 for a turn-key build across a num­ber of high-growth re­gions in Greater Bris­bane.

Mr Beard said weekly in­come from a $490,000 PD Smart Home was about $650, with a $550,000 Smart Home pro­duc­ing about $680, and a $650,000 house bring­ing in about $880.

“Pop­u­la­tion growth in the outer ring of Bris­bane is ex­pected to flour­ish in the next 20 years,” Mr Beard said. “These are the ar­eas to aim for when con­sid­er­ing a high-growth, high­re­turn in­vest­ment prop­erty.”

Prop­erty Direct has re­leased a new hous­ing prod­uct de­signed to al­low in­vestors to draw sev­eral in­come streams off a sin­gle res­i­den­tial prop­erty.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.